Prices for rolled steel products in the EU to rise Q2 – WSD Fluctuations in European demand and possible trade barriers may affect price dynamics in the first half of 2025 The European steel market is currently going through a difficult period. High inventorie...
Trump administration adds steel derivatives to Section 232 list The US sees the need to adjust tariffs to protect local producers Donald Trump’s administration has identified a list of 167 steel derivatives to be added to the US Section 232 tariffs. This is repo...
Crisil says US tariffs not to impact Indian steel industry, others differ The US tariffs on steel are unlikely to impact India significantly, as only two percent of the country's total finished steel exports in the first nine months of this fiscal year went to the US, accor...
India's commerce ministry working on mechanism to protect small steel consumers from impact of safeguard levy on imports Even as the Indian government, led by the Directorate General of Trade Remedies (DGTR), examines the imposition of a 25 percent safeguard duty on steel imports, the ministry of commerce is working on ...
Nucor Raises HRC Prices for the Fourth Time This Year Amid Tight Market Conditions US steelmaker Nucor has implemented its fourth price increase on hot-rolled coils (HRC) since the beginning of the year, reflecting persistent market challenges. The company attributes this latest hik...
Ukrainian Railways’ Tariff Hike Without Offsetting Measures May Hit ULIE Hard Recent changes by Ukrainian Railways have led to a tariff increase that comes without any accompanying compensatory measures, a decision that industry experts warn could have significant negative repe...
US Tariffs on Steel Imports May Have a Ripple Effect, Says Metinvest Recent developments indicate that the US imposition of tariffs on steel imports could have far-reaching consequences for the global steel market. Metinvest, a leading steel producer, has warned that t...
China Steel to Hold Prices Steady Amid Trump Tariffs Amid the backdrop of rising US protectionist measures, Chinese steel producers have announced their decision to maintain stable prices despite the imposition of new tariffs by President Trump. Reports...
Ancora Demands US Steel Board Records, Escalates Proxy Fight Ancora, a prominent shareholder group at US Steel, has escalated its ongoing proxy fight by demanding the release of detailed board records, Reuters reported on February 18, 2025. This move is part of...
UK government commits £2.5 billion to support transition of steel industry The UK government has committed to providing up to £2.5 billion of funding within the scope of "The Plan for Steel" for the transition of the steel industry to net zero and production of green steel. ...
UAE's EMSTEEL aims to become carbon-neutral by 2050 The United Arab Emirates' (UAE) largest steel producer and market leader, EMSTEEL, formerly known as Emirates Steel, has unveiled its decarbonization strategy in line with the UAE's targets and the Pa...
Argentina complains about steel import tariff in the US The Argentine steel chamber, Acero Argentino (AA), has issued a statement making comments about the 25 percent import tariff imposed by the US for all origins of steel products. According to AA, it un...
